US Stock Market News | Gross Margin Continuously Increased for the Eighth Consecutive Quarter, Bilibili Surged Over 14%
Bilibili's stock price rose by more than 14%, reaching $14.79. This is thanks to strong growth in advertising and mobile games, with second-quarter revenue exceeding expectations, net losses significantly reduced, and gross profit margin increasing for the eighth consecutive quarter. In the second quarter, net revenue was 6.127 billion yuan, a year-on-year increase of 16%; net loss was 608 million yuan, a year-on-year decrease of 61%; adjusted net loss was 271 million yuan, a year-on-year decrease of 72%; gross profit was 1.833 billion yuan, a year-on-year increase of 49%, with a gross profit margin rising to 29.9%
According to Zhitong Finance, on Friday, Bilibili (BILI.US) saw its stock price rise, with the stock up over 14% to $14.79 at the time of publication. Thanks to strong growth in advertising and mobile games, Bilibili's second-quarter revenue exceeded expectations, net losses narrowed significantly, and gross profit margin increased for the eighth consecutive quarter. The company's total net revenue in the second quarter was 6.127 billion yuan, a year-on-year increase of 16%. The net loss in the second quarter was 608 million yuan, a year-on-year decrease of 61%; adjusted net loss was 271 million yuan, a year-on-year decrease of 72%. The gross profit in the second quarter was 1.833 billion yuan, a year-on-year increase of 49%, with a gross profit margin of 29.9%, up from 23.1% in the same period last year